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2105 W Crestwood Lane Anaheim, CA 92804

5 Beds 3 Baths 2,724 sqft Built 1954

$860,000

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $315.71
  • 3 Days on Market
  • MLS # : OC21009452
  • Updated Date : 01/15/2021 at 11:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,724 sqft
  • Baths : 3 full
Listing Agent

One Stop Realty And Financial

Listing Agent's Description

LARGE HOUSE IN BIG LOTS, GREAT INVESTMENT FOR RENTAL INCOME OPPORTUNITY. Beautiful single residential home in cul-de-sac 5 bedrooms plus 1 big den 400sf and 3 full baths, fresh interior paint, new kitchen cabinet with Quartz counter top, new vinyl and tile flooring throughout, detached 2 car garage. Spacious back yard oversize lots can build new ADU. Don't miss out this great investment property. A MUST SEE. Property sold in "AS IS" condition.

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MARKET HIGHLIGHTS

  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)

PRICE & RENT TRENDS

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15413345

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
James Madison Elementary School Primary Regular 660 22 3
James Madison Elementary School Middle Regular 660 22 3
Loara High School High Regular 2,377 88 4

James Madison Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 22
3
GreatSchools Rating

James Madison Elementary School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 22
3
GreatSchools Rating

Loara High School

  • Education Level: High
  • # of students: 2,377
  • # of teachers: 88
4
GreatSchools Rating
 

$774,000$946,000$860,000

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$2,987
Property Tax -$884
Property Insurance -$93
Property Management Fees -$169
CASH FLOW
-$692

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$860,000

PROJECTED PRICE

$3,440

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$233,650

INVESTMENT

$233,650

Down Payment
$215,000
Rehab Estimate
$5,750
Closing Costs
$12,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,987

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $215,000
Loan Amount $645,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,801

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,440

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $3,746

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,4003$3,4404$3,7005$3,950
$3,950
RENT COMPS ANALYSIS
  • 2105 W Crestwood Lane Anaheim, CA 3
    • 5 beds 3 baths ∙ 2,724 Sqft ∙ Built 1954 5 beds 3 baths ∙ 2,724 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $1.26
    •  
  • 807 S Agate Street Anaheim, CA 1
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1956 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1956
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.29
    •  
  • 1672 S Carnelian Street Anaheim, CA 2
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1969
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.33
    •  
  • 1651 S Tiara Way Anaheim, CA 4
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1969
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.44
    •  
  • 12281 Loraleen Street Garden Grove, CA 5
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1950 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1950
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.44
    •  
PROPERTY LISTING DETAILS
Minh Lam
One Stop Realty And Financial
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21009452
Last Updated: 01/15/2021
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